Solved: Re: Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

JJeditor · ‎January 31, 2024

One more thing FWIW, I have my own business and contribute to a traditional SEP. My wife's W-2 form has E in box 12 because she contributes to a 403(b).

ged2112 · ‎January 31, 2024

My fed returns were just accepted as well...about 11 minutes after filing.

Bloodzone · ‎January 31, 2024

I just checked back on my return after getting the “updating” message. Now it wants me to go back and fix box 12 Code S before I can file. Says Box 12 Code S should not be greater in value than Box 12 Code S for W-2. Problem is both my numbers match but TT is still saying it’s wrong. How frustrating.

pytoneliz · ‎January 31, 2024

I am getting the same error with the amounts being the same? 😡

lnichols59 · ‎January 31, 2024

The 'Common mistakes' listed doesn't change the fact that "S" is the correct code for Box 12 for a SIMPLE retirement plan!

lnichols59 · ‎January 31, 2024

Wish I had found this community discussion last week! I would have re-entered all my data in another Online Tax Service this weekend, and e-filed my return already too!

lnichols59 · ‎January 31, 2024

I just checked the Vanguard website, and our plan IS a SIMPLE plan, so "S" IS the correct code.

lnichols59 · ‎January 31, 2024

That's what I got, and the answer (of course) is ZERO; because "S" is the CORRECT code for my W-2! Federal Return FINALLY submitted!

Aburdette0723 · ‎January 31, 2024

How is zero the correct answer if you contributed to a SIMPLE IRA? All of my husbands contributions went to a SIMPLE plan so I am matching the numbers in the check box to Box 12 code S on his W-2 and it’s giving me the “this box can’t be greater than that box” message. Just genuinely asking how you came up with zero as the answer.

lnichols59 · ‎January 31, 2024

Aburdette0723 - the answer is ZERO, because they are asking you how much of the amount is a ROTH IRA contribution! If your W-2 was prepared correctly, because you have a SIMPLE plan; then none of the amount listed should have been for a ROTH IRA. Key words being ROTH! They are trying to determine if you are entering the code in Box 12 as “S” in error.

LRowan · ‎January 31, 2024

It's still not working for me. Mine is definitely a simple plan so S is the right code and all it does is keep saying that it can't file ir and that they are looking into it. It also now says to check back after Feb 7th. Is anyone else having this issue? I see that some people were able to get it through.

tmangrum82 · ‎January 31, 2024

Mine was accepted tonight. I had no issues after I guess they did their update!

Jmichelleg91 · ‎February 1, 2024

so what I’m gathering (I am not an expert) but after talking to HR, Roth contributions will eventually be able to be made along with simple contributions but that is not the case as of yet. Zero should be entered into that box because (at least my case) my contributions went to a SIMPLE IRA and NOT a simple ROTH IRA. I am put zero in the box and my return was accepted.

acburkstx3 · ‎February 1, 2024

If we change it to D, will it not cause an issue with our W2 and what we entered not being the same. Wonder if they will kick it back or deny it?

acburkstx3 · ‎February 1, 2024

Thank you for that....this is exactly how mine is and you answered my question. 🙂

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Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

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Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

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